The Province: Finance Minister De Jong soft-pedals warning on Vancouver real estate – NDP housing critic David Eby calls situation ‘a crisis’

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March 1, 2016 | Michael Smyth | The Province

Quoted from the article:

The latest report from RBC on Vancouver’s hyper-inflated housing market didn’t pull punches in describing our descent into real-estate madness.

Home prices in the city are “dangerously unaffordable” and “astounding” and potentially “detached from reality,” said the Housing Trends and Affordability report.

“It’s a crisis,” said NDP housing critic David Eby, insisting de Jong should take aggressive action.

“Managing what is currently an out-of-control real estate market should be a priority of this provincial government. Instead, they seem content to just watch and see what happens.”

Read the full article: http://www.theprovince.com/business/smyth+finance+minister+jong+soft+pedals+warning+vancouver/11753069/story.html